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50.000 Soles de Oro

Issuer Banco Central de Reserva del Perú
Year 1985
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Value 50.000 Soles de Oro
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Reverse lettering BANCO CENTRAL DE RESERVA DEL PERÚ
50000
CINCUENTA MIL SOLES DE ORO
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Protection description Portrait watermark of Nicolás de Piérola, visible in the blank panel at left on the obverse when held to light.
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By 1985, Peru's sol de oro was in terminal decline. Inflation had been accelerating for years, and the 50,000-sol denomination — unthinkable a decade earlier — was a direct consequence of a monetary system that would be replaced entirely the following year when the inti was introduced at a conversion rate of 1,000 soles de oro to one inti. This note was effectively born obsolete.

Bundesdruckerei's involvement reflects a broader pattern among Latin American central banks sourcing security printing from West Germany during this period, when domestic capacity couldn't keep pace with the volume demands of high-inflation economies.